Basic Gold Market Facts

I would contend some of these aspects being presented as facts are merely opinions.(:-)))

The supply of gold is not the above ground stocks as much of these stocks are not available to the market - regardless of price.
This concept has been well discussed with the CRA report on silver which can be found here.
CRA Silver Report

Hence there is an available float or stock of gold which will be available at today's price or at future prices.

That this available float/stock has been run down by demand coming out of Asia.

I would contend that when the available float/stock gets run down enough that then the premiums will rise & hence the price of gold.
As such monitoring flows is relevant.

So many goldbugs.... so many opinions.... so many experts.....